Designed to optimize business performance and achieve measurable
results, CMMI Development V2.0 was first released in March of this year.
In addition to product development, CMMI V2.0 now includes views that
advance selection and management of suppliers as well as delivery and
management of internal and external services. Today’s announcement
continues CMMI Institute’s commitment to advance CMMI V2.0 and help
organizations understand and improve their capabilities—in people,
processes and technologies—across every facet and function of the
enterprise.

• Improvements and clarifications to the performance-based
appraisal method, along with a brand-new appraisal toolkit

• New training courses and materials that teach new and existing
users how to assess, improve, and sustain process capability and
performance, including an eLearning model upgrade course to
complement the instructor-led option.

“In today’s business environment, it is essential for all organizations
to understand their capabilities, gauge where and how to boost those
capabilities aligned to business needs, and focus resources on
continuous improvement,” said Kirk Botula, CMMI Institute CEO. “The CMMI
V2.0 model and resources provide the critical foundation for that work,
helping leaders extract improved performance, leverage best practices
and benchmarks, and get the results they seek efficiently and
effectively.”

The updates to CMMI V2.0 provide the following benefits in each area of
concentration:

• Development: Improve an organization’s capability to develop
quality products and solutions that meet the needs of customers
and end users.

• Services: Improve an organization’s capability to efficiently
and effectively deliver quality service offerings that meet market
and customer needs.

Organizations that build and leverage capabilities see decreases in
defects, re-work, cost, time-to-market, and risk. They also see
increases in quality, productivity, customer satisfaction, performance
and new/repeat business.

“With CMMI V2.0 we’ve reduced appraised preparation time by 50 percent
across 90 percent of our projects,” said Hong Ou, head of EPG Group
Information Technology Department for China Merchant Bank. “As a result,
we were able to meet senior management’s request to conduct an appraisal
to cover all teams, and it made it much easier for us to adopt Agile. We
like V2.0 and it helped to produce a better assessment.”

According to McKinsey & Company data, more than 50 percent of companies
do not have standard processes, process assets and jobs aids to measure
what matters in their companies, while a third cite difficulties in
monitoring plans and making needed adjustments. To address these
challenges, the core of the CMMI V2.0 model is organized by the critical
capabilities of every organization that, when properly leveraged,
improve business performance and resiliency:

A subsidiary of ISACA Enterprises, CMMI Institute (cmmiinstitute.com
)
is the global leader in advancing best practices in people, process, and
technology. CMMI Institute enables organizations to elevate and
benchmark performance across a range of critical business capabilities,
including product development, service excellence, workforce management,
data management, supplier management, and cybersecurity.

For over 25 years, thousands of high-performing organizations in a
variety of industries have achieved sustainable business success through
CMMI adoption and demonstrated their ability as capable business
partners and suppliers.